Northern Territory Portfolio —

GB Energy (ASX: GBX) is pleased to announce an expansion of our Northern Territory portfolio with three new tenement applications targeting Nickel-Copper-Platinum Group Elements (Ni-Cu-PGE) and Uranium mineralisation.

EL31391 forms part of our “Indiana” project targeting Ni-Cu-PGE in mantle-derived mafic-ultramafic intrusions within the Irindina Province of the East Arunta Region. The 120km2 area was recently relinquished by another explorer and secured by GB Energy on the first day it became open ground.

The Irindina Province was identified in the 2016 Geoscience Australia report “Potential for intrusion-hosted Ni-Cu-PGE sulphide deposits in Australia” as having high potential to host tholeiitic intrusion-hosted Ni-Cu-PGE sulphide deposits.